Operations
Many Canadian P&C companies have shown their support for 2SLGBTQ+ Pride by emblazoning their company logo in rainbow colourways. But creating employee-resource groups, recruitment practices and marketing that embraces 2SLGBTQ+ employees, stakeholders and policyholders is critical for moving the dial further, industry experts say. Although Pride Month is coming to a close, the effort to […]
By Alyssa DiSabatino | June 27, 2022
3 min read
Despite online insurance gaining popularity, consumers still need — and want — personalized advice from their insurance companies and brokers, executives observed during a recent industry panel discussion. “I had really thought at the end of 2020 that digital would take over everything,” said Louis Gagnon, president of Intact Canada, at the June 2022 […]
By Alyssa DiSabatino | June 24, 2022
2 min read
Legal / Regulation
Don Forgeron will retire as president and CEO of the Insurance Bureau of Canada after an almost 30-year long tenure.
By Alyssa DiSabatino | June 23, 2022
%%sitename%% Canada’s largest insurer thinks 15% of insurers will undergo ownership changes in the next five years.
By Alyssa DiSabatino | June 22, 2022
HR
Insurance brokers say commissions and performance bonuses aren't always enough to compensate for excessive work loads.
By Phil Porado | June 21, 2022
Expect the quickening pace of mergers and acquisitions (M&A) activity to present a big challenge — or advantage — to brokers, Joseph Carnevale, president at Insurance Brokers Association of Ontario, said at the Young Brokers Conference. The Insurance Broker Association of Ontario is predicting a big year for M&A activity in 2022. Coupled with […]
By Alyssa DiSabatino | June 21, 2022
The COVID-19 pandemic created larger workloads and more stress for Canadian insurance brokers as they helped clients find the right coverage.
By Phil Porado | June 20, 2022
Selling insurance to Millennials isn't as complicated as you may think.
By Phil Porado | June 17, 2022
Although making a car theft claim won’t yield higher premiums, repeated claims may make it difficult for an insured to hold onto their theft coverage, says one insurance expert. Not all auto insurance policies cover car theft, Matt Hands, director of insurance at RateHub says. “You can add optional coverages to your policy that would cover theft. […]
By Alyssa DiSabatino | June 16, 2022
Although public health indicators have seemingly stabilized and provinces are doing away with COVID-19 restrictions, clients aren’t all rushing to change their policies mid-stream, say brokers. In fact, many clients seem to be sticking to the policy changes they made during the pandemic. “We’re not seeing the rush for people to make the changes to […]
By Alyssa DiSabatino | June 14, 2022
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